Banfield and Peverly Hill Road Rd - Banfield and Peverly Hill Rd, Portsmouth,
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Banfield and Peverly Hill Road Rd - Banfield and Peverly Hill Rd, Portsmouth,
8.54 Acres of Residential Land Offered at $1,950,000 in Portsmouth, NH 03801
Investment Highlights
- Due diligence materials available including boundary survey, conceptual development plans, wetland study, and Phase I environmental report.
- Land abuts 17± acres of conservation land that will never be developed.
- Zoning allows for up to 5 house lots. With zoning relief, up to a 9 unit RDI-PUD plan may be possible.
- City of Portsmouth approvals are required for development.
- Utilities for City water and sewer need to be stubbed to the site. See broker for additional details.
- Lot is currently in Current Use. The buyer will be responsible for a 10% tax assessment of the full and true value of the land.
Executive Summary
Property is currently in Current Use. Current Use is a tax assessment law that taxes land at its “Productive Capacity.” This means the land is
taxed as undeveloped land, rather than at its real estate value as a building site.
taxed as undeveloped land, rather than at its real estate value as a building site.
Property Facts
| Price | $1,950,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 8.54 AC |
| Price | $1,950,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 8.54 AC |
1 Lot Available
Lot 2
| Price | $1,950,000 | Lot Size | 8.54 AC |
| Price Per AC | $228,337.24 |
| Price | $1,950,000 |
| Price Per AC | $228,337.24 |
| Lot Size | 8.54 AC |
8.54± acres at the corner of Banfield Road and Peverly Hill Road
Description
Residential Development Site
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PROPERTY TAXES
| Parcel Number | PRSM-000256-000002 | Improvements Assessment | $0 |
| Land Assessment | $1,667 | Total Assessment | $1,667 |
PROPERTY TAXES
Parcel Number
PRSM-000256-000002
Land Assessment
$1,667
Improvements Assessment
$0
Total Assessment
$1,667
zoning
| Zoning Code | SRA (Single Residence A) |
| SRA (Single Residence A) |
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Banfield and Peverly Hill Road Rd - Banfield and Peverly Hill Rd, Portsmouth,
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